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Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victims

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Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different reality

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Current price of oil as of October 6, 2026

1

Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victims

2

Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different reality

3

Current price of oil as of October 6, 2026
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Current price of Ethereum for Oct. 7, 2026
Current price of Ethereum for October 7, 2026

Ethereum isn’t just digital money; it’s a decentralized computing platform, meaning users can build and run apps on it without oversight of a company or bank.

By Joseph HostetlerOctober 7, 2026
Top CD rates from major banks Oct. 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Top CD rates from major banks on October 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerOctober 7, 2026
Current price of Bitcoin for Oct. 7, 2026
Current price of Bitcoin for October 7, 2026
By Joseph HostetlerOctober 7, 2026
Current price of oil as of Oct. 7, 2026
Current price of oil as of October 7, 2026
By Joseph HostetlerOctober 7, 2026
Tom Hale, CEO of Oura
Why Oura delayed its IPO
By Allie GarfinkleOctober 7, 2026
Side-by-side photos of OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei
AI is heading toward a cash-flow negative inflection point, and spending will slow in 2027, Wall Street thinks
By Jim EdwardsOctober 7, 2026
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News
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A $13 billion property mogul is the latest to flee Britain’s new taxes for Monaco, a warning sign as California votes on a billionaire tax
A $13 billion property mogul is the latest to flee Britain’s new taxes for Monaco, a warning sign as California votes on a billionaire tax

David Reuben’s move to Monaco follows a wave of departures since the U.K. scrapped its non-dom regime—and offers a preview of the fight California voters are deciding with Proposition 40.

By Sydney LakeOctober 7, 2026
Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties

Rush will give up 298 gold bars, Palm Beach and Jupiter Island real estate, 35 watches, two BMW Alpinas and about $40 million in cash.

By Catherina GioinoOctober 6, 2026
OpenAI’s human rights lead: What the military could do with AI ‘keeps me up at night’

Sarah Yager joined OpenAI recently, and though she was initially skeptical that her position was merely a PR stunt, she says she’s had some early success influencing the safety of the technology.

By Emily ForliniOctober 6, 2026
Researchers tracked $80 million in political ads using AI—and Republicans were behind 83% of them

Don’t expect a disclaimer on that AI slop political ad you see this year.

By Travis N. Ridout, Erika Franklin Fowler, Michael Franz and The ConversationOctober 6, 2026
More in News
North America
More in North America
Taiwan opens Phoenix office as $265 billion chip investment in Arizona grows, over China’s objections
Taiwan opens Phoenix office as $265 billion chip investment in Arizona grows, over China’s objections

Taiwan is turning Phoenix into a bigger hub for its chip industry with a new office and TSMC’s investments

By The Associated Press, Wufei Yu and Didi TangOctober 6, 2026
Zambia to sign revised U.S. health deal without patient data and specimen-sharing clauses

The U.S. has signed new bilateral health agreements with around two dozen African nations since last year, but some have pushed back on requirements to provide patient data.

By The Associated Press, Gerald Imray and Jacob ZimbaOctober 6, 2026
Current price of oil as of October 6, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

By Joseph HostetlerOctober 6, 2026
Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different reality

Younger donors give to more causes than their parents—but only 47% of the wealthy think they’re ready.

By Sydney LakeOctober 6, 2026
More in North America
Asia
More in Asia
Will AI kill the Asian entertainment industry, or reinvent it?
Will AI kill the Asian entertainment industry, or reinvent it?

Studios in China are turning to models from ByteDance and Kling to generate 100-minute short dramas for less than $3000.

By Angelica AngOctober 7, 2026
The Future 120—How vital firms stay forever young

For the ranking, we analyzed more than 10 million data points and zeroed in on the 15 most predictive metrics, each robust and correlated with future revenue growth, to produce BCG’s Vitality Score.

By Ketil Gjerstad, Johann Harnoss, Viacheslav Romanov and Sophie ThorupOctober 6, 2026
OKX debuts a platform that turns 50 currencies into digital dollars, betting emerging-market investors want stablecoins

“The key gap for people and institutions is settlement,” Haider Rafique, OKX’s global managing partner, tells Fortune.

By Nicholas GordonOctober 5, 2026
Beyond the boardroom: Asia’s 10 influential women to watch in 2026

Power in Asia extends well beyond the C-suite.

By Ashleigh NghiemOctober 5, 2026
More in Asia
Global
More in Global
‘The secret world of secondaries’: How a niche area of finance is emerging as a new liquidity engine in the Gulf
‘The secret world of secondaries’: How a niche area of finance is emerging as a new liquidity engine in the Gulf

As global and regional liquidity tightens, a nascent Gulf secondary market is giving investors, founders, and early backers a new route to monetisation

By Melissa HancockOctober 7, 2026
Today’s home equity loan and HELOC rates, Oct. 7, 2026

By staying on top of home equity loan and HELOC interest rates, you’ll recognize when it’s a good time to apply for these comparatively cheap borrowing options.

By Joseph HostetlerOctober 7, 2026
Exclusive: Meet the 38-year-old founder who left Wall Street for love and created an AI insurance unicorn a decade later

Gage Caligaris’ Ledgebrook has raised $200 million, co-led by Allianz X and Rockefeller Capital Management. The valuation is $2.6 billion, a source said.

By Nick LichtenbergOctober 7, 2026
Citi shortens its analyst program to two years as Wall Street fights private equity for young talent

“The reality that private equity is interviewing so early in a banker’s career is very unfortunate, and to some extent, disappointing,” one Citi executive said.

By Sasha RogelbergOctober 7, 2026
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InfoWars founder Alex Jones speaks to the media outside Waterbury Superior Court during his trial.
Law
Alex Jones no longer on-the-hook for $50 million owed to Sandy Hook families—but he still has $1.25 billion looming over his head
By Jim Vertuno and The Associated PressAugust 21, 2026
U.S. President Donald Trump pauses while delivering remarks at the David S. Mack Center for Training and Intelligence.
Economy
Republicans say let them eat overpriced burgers, turning on Trump for ‘flooding the market with foreign beef’
By Seung Min Kim, Jesse Bedayn and The Associated PressAugust 21, 2026
The AI boom is lifting economies across Asia. But for Southeast Asia, it might just be a ‘short-term blip’
Asia
The AI boom is lifting economies across Asia. But for Southeast Asia, it might just be a ‘short-term blip’
By Angelica AngAugust 21, 2026
Chief Justice John Roberts allows Trump’s ballroom crews to keep working 20-hour days
Law
Chief Justice John Roberts allows Trump’s ballroom crews to keep working 20-hour days
By The Associated Press, Lindsay Whitehurst and Michael KunzelmanAugust 21, 2026
Photo of YouTube logo and Netflix creeping up behind it
Economy
YouTube offers creators millions to not work with Netflix
By Lucas Shaw and BloombergAugust 21, 2026
marmot
North America
Leader of Fat Marmot Week fights the budget cut era: ‘we’re going to be laughing our way down as the Titanic sinks’
By Brittany Peterson, Mead Gruver and The Associated PressAugust 21, 2026
A trader trading crypto on their phone.
Crypto
Bitcoin soars to nearly $80,000—but crypto’s new favorite coin, Hyperliquid, is stealing its thunder
By Camila Grigera NaónAugust 21, 2026
Jeff Bezos and Lauren Sánchez at the Dior fashion show as part of Haute Couture Spring/Summer 2026 held at the Musée Rodin.
Real Estate
Membership into Miami’s most exclusive club is something money can’t buy—and Jeff Bezos is among those standing outside, looking in
By Joshua HongAugust 21, 2026
Phoebe Gates took a secret Stanford class on how to ‘rule the world’—and reportedly recruited employees for her startup accused of wire fraud
Startups & Venture
Phoebe Gates took a secret Stanford class on how to ‘rule the world’—and reportedly recruited employees for her startup accused of wire fraud
By Sarah GlodekAugust 21, 2026
‘Take time in quiet’: Melinda French Gates says to spend at least 10 minutes a day on self-care
MPW
‘Take time in quiet’: Melinda French Gates says to spend at least 10 minutes a day on self-care
By Sarah GlodekAugust 21, 2026
Scott Bessent is ‘playing with fire’ as the Treasury’s debt buyback risks putting the dollar in a devaluation spiral like the yen, economist warns
Economy
Scott Bessent is ‘playing with fire’ as the Treasury’s debt buyback risks putting the dollar in a devaluation spiral like the yen, economist warns
By Jason MaAugust 21, 2026
flight
Cybersecurity
‘Adding insult to injury’: Flight attendants accuse Google of creepy deal to access ‘confidential’ data for AI in Spirit Airlines transaction
By Joshua HongAugust 21, 2026
US President Donald Trump delivers remarks during a meeting with cryptocurrency executives in the Roosevelt Room of the White House.
North America
Trump admits tariffs are a tax on America’s love for hamburgers and allows 300,000 metric tons of ground beef imports at ‘below current market prices’
By Joshua HongAugust 21, 2026
wfh
Commentary
AI will not give you Fridays off
By Dan SchawbelAugust 21, 2026
A cheerful woman in yellow headphones waves at her laptop during a video call.
Success
Forget RTO: Fully remote workers report the highest well-being—and are less likely to quit, new study of 7,700 employees finds
By Preston ForeAugust 21, 2026
Meghan, Duchess of Sussex and Prince Harry, Duke of Sussex
Success
Harry and Meghan’s homecoming comes with a multimillion-dollar tax catch—waiting four years could have shielded their $60 million fortune
By Emma BurleighAugust 21, 2026
CEO of viral backflipping robot company says robots are still years from ‘ChatGPT moment,’ even after investors sent his stock soaring 460%
Innovation
CEO of viral backflipping robot company says robots are still years from ‘ChatGPT moment,’ even after investors sent his stock soaring 460%
By Marco Quiroz-GutierrezAugust 21, 2026
Eric Schmidt, chief executive officer of Relativity Space and former chief executive officer of Google, during the America Business Forum in Miami, Florida.
Politics
Eric Schmidt is reportedly at odds with Google cofounder Sergey Brin over how a $100 million campaign against California’s billionaire tax is spent
By Joshua HongAugust 21, 2026
Donald Trump, standing behind a podium, points in front of him with Scott Bessent standing behind him.
Economy
‘Damage from the chaotic tariff regime cannot be refunded’: The $100 billion in refunds have wiped out revenue the import taxes brought in since May
By Sasha RogelbergAugust 21, 2026
The banking lobby’s bad faith campaign to kill the Clarity Act will backfire
Crypto
The banking lobby’s bad faith campaign to kill the Clarity Act will backfire
By Omid MalekanAugust 21, 2026
The trick to getting kids to stop trusting AI: Ask it to draw a map of the world
AI
The trick to getting kids to stop trusting AI: Ask it to draw a map of the world
By Jocelyn Gecker, Russ Bynum and The Associated PressAugust 21, 2026
Photo of Evergrande's founder on trial
Real Estate
China’s onetime richest man has lost everything but creditors are still owed $300 billion
By The Associated Press and Chan Ho-HimAugust 21, 2026
Cuba opened its economy on Washington’s orders. Rubio’s answer: more sanctions
Politics
Cuba opened its economy on Washington’s orders. Rubio’s answer: more sanctions
By Edith M. Lederer and The Associated PressAugust 21, 2026
Fortune 500 Power Moves: Which executives gained and lost power, Aug. 8-21, 2026
C-Suite
Fortune 500 Power Moves: Which executives gained and lost power, Aug. 8-21, 2026
By Fortune EditorsAugust 21, 2026
College sports’ talent race is turning each athletic department into a $40 million business empire
Arts & Entertainment
College sports’ talent race is turning each athletic department into a $40 million business empire
By James Pollard and The Associated PressAugust 21, 2026
Philanthropy has long been dominated by the wealthy. This $12 million campaign wants Black Gen Z to see it differently
MPW
Philanthropy has long been dominated by the wealthy. This $12 million campaign wants Black Gen Z to see it differently
By James Pollard and The Associated PressAugust 21, 2026
CFO turnover at America’s largest companies is on pace to hit 18.3%—the highest since the pandemic
C-Suite
CFO turnover at America’s largest companies is on pace to hit 18.3%—the highest since the pandemic
By Sheryl EstradaAugust 21, 2026
Gold, silver, or cash: Which has been the better crisis hedge over the last 50 years?
Personal Finance
Gold, silver, or cash: Which has been the better crisis hedge over the last 50 years?
By Joseph HostetlerAugust 21, 2026
New York Times correction over a college basketball player wrongly named at the scene of a shooting leads to $9.25 million jury verdict
Law
New York Times correction over a college basketball player wrongly named at the scene of a shooting leads to $9.25 million jury verdict
By The Associated PressAugust 21, 2026
The changing college sports landscape has women’s programs turning to philanthropy as funding dries up
North America
The changing college sports landscape has women’s programs turning to philanthropy as funding dries up
By The Associated Press and James PollardAugust 21, 2026
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Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victimsplaceholder alt text
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